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The DVD rental chain Blockbuster has collapsed into administration, putting
almost 4,200 jobs at risk, in the latest sign of retail distress on the high
street.

Blockbuster’s demise comes just days after HMV admitted it was insolvent.
Entertainment retailers are being squeezed as consumers increasingly opt to
shop online, rather than in stores, for movies, games and music.

Directors of Blockbuster announced they had called in Deloitte as
administrators — the same firm appointed to try to salvage the remnants of
HMV.